3scale enables any company to easily distribute, manage and monetize their APIs via its Freemium API Management offering
SAN FRANCISO, CA – April 24, 2013 – 3scale (https://www.3scale.net), the San Francisco and Barcelona-based API Management solutions provider, today announced $4.2 million of new funding in a round from Javelin Venture Partners and Costanoa Venture Capital.
APIs are a key infrastructure component for online businesses – powering mobile applications, partnership programs and innovation. Increasingly, as many businesses become more software driven, having a well-managed API available to customers and partners is becoming key to success in the marketplace. The growth of the number of APIs is exponential and forecasted to reach into the millions over the next 5 years.
In order to meet this need, during the past two years 3scale has grown into one of the leading solution providers in the sector. The company’s API Management solution provides infrastructure to manage the technical and business operations required to run a successful API program simply and at scale.
In contrast to other solutions, 3scale’s flexible platform is immediate, self-service and no cost to adopt, enabling any size business to run an API program and scale from free entry-level services all the way to Enterprise grade APIs on a single platform. The solution platform lets businesses build a solid foundation for their API program and scale confidently to serving 10’s and 100’s of Millions of API transactions per day.
The 3scale API Management solution already powers APIs for over 200 customers serving over 85,000 Application Developers, with API traffic monitored and managed by 3scale more than doubling in the last 6 months. Customers range from Fortune 500 companies to small businesses and technology start-ups, including: Skype, FlightStats, Wine.com, 1WorldSync, SITA, PagesJaunes.fr (French YellowPages), FullContact and Yummly.
“As products and services we rely on for our daily lives—from travel info to e-commerce, thermostats to elevators—increasingly connect to internet applications through machine-to-machine interfaces, the need for robustly managed API’s becomes critical,” noted Noah Doyle, Managing Director of Javelin Venture Partners. “We are proud to lead this new round of funding for 3scale because it will bring high grade solutions to a wide market, which no provider has done before.”
The new investment will help broaden 3scale’s set of services and bring it to a global audience, enabling even more valuable APIs and API delivery by its customers.
More information about 3scale can be found at https://www.3scale.net/. The company is also looking to fill new positions in both its San Francisco and Barcelona offices.
Founded in 2007, 3scale provides a Plug & Play SaaS API Management platform and infrastructure enabling developers and companies to securely open, control, manage, operate and monetize their API to 3rd parties (e.g. developers, business partners, etc). 3scale’s API Management solution is flexible, secure and web scalable enabling the distribution of a company’s data, content or services to multiple devices or mobile/web applications as well as the productization of its APIs. For more information visit www.3scale.net
About Javelin Venture Partners
With $200 million under management, Javelin Venture Partners is an early stage venture capital firm specializing in technology-based start-ups that leverage key innovations to create scalable, high-growth companies. Javelin Venture Partners’ investment professionals are proven new-technology entrepreneurs who focus on identifying exceptional businesses and management teams, and helping them achieve great success. The firm operates with the culture of a start-up and with an emphasis on being a true partner to entrepreneurs. Javelin Ventures Partners is located in San Francisco, CA., but invests in start-ups throughout the world. For a list of active portfolio companies, or to submit a business plan, visit Javelin’s website: http://www.javelinvp.com.
About Costanoa Venture Capital
Costanoa Venture Capital is an early stage investor focused on cloud-based services solving real problems for businesses and consumers by leveraging data and analytics. The firm’s name originates from the first inhabitants of Silicon Valley, the Costanoans, and harkens back to the origins of entrepreneurship and venture capital in Silicon Valley. Costanoa provides early stage entrepreneurs with a combination of “right-sized” amounts of capital and value-added support from a high-quality institutional partner. Current investments include: Datalogix, DemandBase, Guardian Analytics, Inflection, Intacct, iSocket, Lex Machina, LinkSmart, Return Path, and Risk I/O. The firm is headquartered in Palo Alto, Ca. For more information, visit http://costanoavc.com/
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